Experts Met to Discuss Investment Challenges in Indonesia
On April 24, 2018 a group of experts from various backgrounds shared their views on trade regulations and how Indonesia is actively improving the investment climate. The event, entitled “Why Invest in Indonesia? Towards a Productive Trade Regime”, was organised by Nuffic Neso Indonesia, the Embassy of the Kingdom of the Netherlands, IKANED (Association of Holland Alumni in Indonesia) and DNB (Dutch Business Network). Taking place at the Erasmus Huis in Jakarta, it was a continuation of the Indonesia-Netherlands Rule of Law and Security Update in January 2018. A total of 79 guests from various backgrounds attended the event – mostly from private business sectors and law firms- including a significant number of 37 Holland alumni.Prior to the panel discussion Joseph Wira Koesnaidi, founding partner at JWK Law Office delivered a keynote presentation to get understanding about trade policies, WTO regulations and how to attract and maintain investment. “In practice Indonesia faces a lot of challenges, such as the current policy regulations, so we need to be smart to understand the rules to compete with the world” he concluded.The panel discussion was moderated by Senior Counsel of PT Hutchison 3 Indonesia Mrs. Andrea Ernst, who asked the leading question: “Do you see Indonesia's investment climate improve significantly in the next 5 years?” The panelists analysed this question from a business-, academic-, practitioner- and government perspective. Head of Permanent Committee for Multilateral and Free Trade Agreements (KADIN Indonesia), Mr. Wahyuni Bahar, described the main roles of the Indonesian private sector in Free Trade Agreement (FTA) negotiations. According to Professor of Atma Jaya University Mr. Ida Bagus R. Supancana, Indonesia needs to become more competitive to make the country attractive for investors. Therefore, Indonesia needs accountable tools with international standards to improve the regulatory process Indonesia. Ministry of Foreign Affairs' Director of Europe I Affairs Mr. Dino R. Kusnadi, emphasized the need to invest in people-to-people contact. “Why? Because governments will change but people will stay”, he stated. The panel discussion was followed by invited response from Mr. Siebe Schuur, Head of Economic Department at the Embassy of the Kingdom of the Netherlands, and questions and answers from the audience. Mr. Schuur referred during his remarks to the happy circumstance that Indonesia has been awarded investment grade status international rating companies. Therefore, he is convinced that Indonesia’s investment climate will improve significantly in the next 5 years.After the closing remarks by Theo Lekatompessy, co-founder of IKANED (Ikatan Keluarga dan Alumni Nederland), guests and speakers the event concluded with a networking drink.For more photos, go to the photo gallery or to our facebook page here.
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